Wednesday 21 March 2018

Hoffman Estates Real Estate Market Update March 2018



Real Estate In Hoffman Estates is a sellers’ market with low inventory of homes in Hoffman Estates and a lot of buyer interest. There is a 4.29 months supply of inventory on the market in Hoffman Estates on March 31, 2018.


Now is the Time to Sell!
The average market time for a Single Family Homes to sell in Hoffman Estates last month was 64 days.
It took on average 50 days to sell Hoffman Estates Condo, Townhouse or a Duplex.
The number of home sales in Hoffman Estates from February 1, 2018 through February 28, 2018 was 30 units. That is 1% above the number of homes sold last month in Hoffman Estates.
The average price per square foot in the area is now $110/Sq.Ft, which is 9% an increase from last month.


In Hoffman Estates there were 9 units sold in February in the price range between $82,500 – $155,923 with an average of 2 bedrooms and 1.1 bathrooms and average Square footage of 971SF.
In Hoffman Estates there were 15 units sold in February in the price range between $155,924 – $339,672 with an average of 3 bedrooms and 1.8 bathrooms and average Square footage of 1,506SF.
In Hoffman Estates there were 6 units sold in February in the price range between $339,673 – $450,000 with an average of 4.2 bedrooms and 2.8 bathrooms and average Square footage of 3,274SF.
The low price range had the most activity. Homes up to $155,923 were on the market on average 46 days and sold an average of $113,655.

If you are looking for a new home for you and your family, or looking for an investment property, you can’t go wrong by getting a prime piece of real estate in Hoffman Estates. Search all Hoffman Estates homes for Sale on propertyup.comIf you are considering viewing Hoffman Estates, you may want to do so now!

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